CALGARY, ALBERTA--(Marketwired - Aug. 11, 2014) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB) - FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED JUNE 30, 2014) Funds flow from operating activities of $11.9 million were 22 percent lower than the $15.3 million recorded in the prior quarter due to a combination of higher effective royalty rates, additional operating costs relating to now operational ASP facilities and increased realized hedge losses. [Read more]
News
Tamarack Valley Energy Ltd. Announces Record Second Quarter Financial and Operating Results and an Increase in Guidance
CALGARY, ALBERTA--(Marketwired - Aug. 11, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce record quarterly cash flow from operations and production results. With the success of Tamarack's first half drilling program, well results being ahead of budget, and the strength of cash flow the Company has increased the 2014 capital program by $24 million to $116 million resulting in a 12% increase to exit guidance and a 6% increase to the second [Read more]
Ontario protesters told to end the blockade of the Line 9 pipeline
INNERKIP, Ont. - Enbridge says it has served an injunction to protesters demanding they stop blockading construction on the Line 9 pipeline in the community of Innerkip, near Woodstock.A spokesman for a protest group that calls itself Dam Line 9 Blockade said that most of the protesters have begun cleaning up the site, but a one or two have locked themselves to structures in the area and do not plan to move.Dan Kellar said the protesters have come from all over southern Ontario, and have been [Read more]
Shoreline Energy Corp. Announces the Closing of Sale of Certain Assets
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has closed the sale of its interests in certain petroleum and natural gas properties (excluding royalty interests), wells and infrastructure located within the Valhalla and Progress Property boundaries in the Greater Peace River Arch area and associated Valhalla and Progress petroleum and natural gas assets for total proceeds of $20.8 million, as [Read more]
Strata Oil Engages Firm to Assist in Drill-Program Permitting for Cold Production Targets
PEACE RIVER, ALBERTA--(Marketwired - Aug. 8, 2014) - Strata Oil & Gas Inc. ("Strata" or the "Company") (OTCQB:SOIGF) announced today that it has engaged Lorrnel Consultants to assist in the planning and permitting of a drilling program on Strata's 100%-owned Cadotte/Cadotte-West lease blocks in the Peace River region of Alberta. Lorrnel Consultants ("Lornell") will be assisting Strata in submitting an Oil Sands Exploration plan ("OSE") to the Crown prior to the coming winter drilling [Read more]
Enerplus Achieves Record Production During the Second Quarter of 2014 and Increases Annual Production Guidance
All financial information contained within this news release has been prepared in accordance with U.S. GAAP including comparative figures pertaining to Enerplus' 2013 results. This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Forward-Looking Information and Statements" at the conclusion of this news release. Readers are also referred to "Non-GAAP Measures" at the end of this news release for [Read more]
Perpetual Energy Inc. Releases Second Quarter 2014 Financial and Operating Results
CALGARY, Aug. 7, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Corporation" or the "Company") is pleased to report its financial and operating results for the three and six months ended June 30, 2014. Perpetual's focused capital expenditure program combined with stronger commodity prices resulted in reported increases in production, revenue and funds flow compared to both the preceding first quarter of 2014 and the second quarter of 2013. In addition, several transactions [Read more]
Freehold Royalties Ltd. Announces 2014 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2014) - Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced second quarter results for the period ended June 30, 2014. RESULTS AT A GLANCE Three Months Ended Six Months Ended June 30 June 30 FINANCIAL ($000s, except as noted) 2014 2013 Change 2014 2013 Change Gross revenue 54,676 44,109 24 % 103,876 84,746 23 % Net [Read more]
Long Run Exploration Ltd. Announces 2014 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2014) - LONG RUN EXPLORATION LTD. (TSX:LRE) ("Long Run" or the "Company") is pleased to announce our second quarter financial and operational results. These results are on track to meet 2014 guidance in our first year operating under the dividend plus growth model. The Company remains focused on a long-term sustainable business plan. SECOND QUARTER 2014 HIGHLIGHTS Generated funds flow from operations of $73.4 million ($0.54 per share), an 8% per [Read more]
Toscana Energy Announces Second Quarter 2014 Results
CALGARY, Aug. 7, 2014 /CNW/ - Toscana Energy Income Corporation ("TEI" or the "Corporation") (TSX: TEI) announces financial and operating results for the second quarter ended June 30, 2014. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management's Discussion and Analysis ("MD&A") for the three and six month period ended June 30, 2014. This news release should not be [Read more]